Optimal Educational Investment: Domestic Equity and International Competition

Geraint Johnes

No 598752, Working Papers from Lancaster University Management School, Economics Department

Abstract: We construct a family of models to analyse the effect on optimal educational investment of (i) society's preferences for equity and (ii) competition between countries. The models provide insights about the impact of a variety of parameters on optimal policy. In particular, we identify a form of 'overeducation' that is new to the literature, and provide a counterexample to a common finding in the literature on fiscal federalism.

Keywords: education; taxation; income distribution; competition (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:lan:wpaper:598752

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